Bullionvault platinum offer

[mr-dead]

Just had the below offer come through from bullionvault that may be of interest if you are looking to grab some platinum:

 

[PansPurse]

Tempting, although I find BullionVault's fees exorbitant if you're only holding a modest amount.

[mr-dead]

7 minutes ago, PansPurse said:

Tempting, although I find BullionVault's fees exorbitant if you're only holding a modest amount.

Easy answer, buy a lot

[bluemoon]

The gold/platinum ratio (I guess you'd call it the GPR?) is as good or even better than the GSR right now. Platinum should defo be on people's target list. It's like the unloved step-sister. Give her some love!

[mr-dead]

My only concern around platiunum is its main use in catalytic converters.  As we shift over to electric cars it may kill demand.

[SILVERFINGER]

10 minutes ago, mr-dead said:

My only concern around platiunum is its main use in catalytic converters.  As we shift over to electric cars it may kill demand.

Its about time it was pimped more in the jewelry and pm trade, I would love to buy some nice cast/poured platinum bars if someone would make them.

[Lr103]

10 minutes ago, SILVERFINGER said:

Its about time it was pimped more in the jewelry and pm trade, I would love to buy some nice cast/poured platinum bars if someone would make them.

I think these are nice, but not marketed much by the Royal Mint:

https://www.royalmintbullion.com/Products/Platinum-Bars

[SILVERFINGER]

Just now, Lr103 said:

I think these are nice, but not marketed much by the Royal Mint:

https://www.royalmintbullion.com/Products/Platinum-Bars

Yeah I seen them, I not really a fan of minted bars, a nice poured 50g platy bar would make me happy 

[Martlet]

32 minutes ago, mr-dead said:

My only concern around platiunum is its main use in catalytic converters.  As we shift over to electric cars it may kill demand.

Yep, I like the look of platinum but between VAT and the prospect of lower demand, its a swerve from me. 

[KDave]

In terms of premiums as a percentage per ounce, physical platinum is cheaper than silver when buying from Europe, VAT is not too bad of a problem. As said unless going in heavy, the ongoing fees while you wait for the rise could be a problem, they add up. I guess the thing to do would be calculate the cost of placing a bet on platinum in terms of physical on a certain timeline, say 10 years, then do the same with vaulting, and compare the cost of each. Not done it myself but I reckon physical will be cheaper.